Competition always tends to bring about the most economical and efficient method of production. Those who are most successful in this competition will acquire more capital to increase their production still further; those who are least successful will be forced out of the field. So capitalist production tends constantly to be drawn into the hands of the most efficient.

The State, of course, is absolutely indispensable to the preservation of law and order, and the promotion of peace and social cooperation. What is unnecessary and evil, what abridges the liberty and threatens the true welfare of the individual, is the State that has usurped excessive powers and grown beyond its legitimate function - the super-State, the socialist State, the redistributive State, in brief, the ironically misnamed 'Welfare State.'

The only real cure for poverty is production.

Government can't give us anything without depriving us of something else.

Today is already the tomorrow which the bad economist yesterday urged us to ignore.

A man who is good from docility, and not from stern self-control, has no character.

When the government makes loans or subsidies to business, what it does is to tax successful private business in order to support unsuccessful private business.